President Donald Trump is expected to soon sign into law the "Take It Down Act," a sweeping bipartisan measure that targets the spread of nonconsensual, sexually explicit deepfake images and videos online.
Trump will provide some relief to U.S. manufacturers by reportedly easing some duties imposed on foreign parts in domestically manufactured vehicles.
Republicans in the U.S. House of Representatives advanced a reform proposed by Rep. Sam Graves (R-MO), which tabled a $250 annual fee on all EVs.
Earnings Results
Smartphones & Applications
Apple is reportedly considering a shift of iPhone assembly to India. However, a renowned analyst has expressed skepticism about the potential effectiveness of this move in mitigating the impact of China tariffs.
Apple CEO Tim Cook said that the tech giant expects a $900 million cost impact in the June quarter due to tariffs.
As Washington cranks up the tariff pressure, Apple may have already played its smartest card: doubling down on India for assembly and investing deeper into U.S. component suppliers.
Technology
Alibaba Group Holdings Ltd (NYSE:BABA) introduced Qwen 3, its most advanced artificial intelligence model yet.
Automobiles & Defense
Tesla‘s (NASDAQ:TSLA) Chinese division is developing an affordable version of the popular Model Y crossover SUV.
Ross Gerber has called out Tesla‘s rumored Model Y E80, which is slated to be a more affordable version of the new Model Y.
Tesla said that the company expects the first units of the Semi to enter production by the end of the year.
Tesla is ramping up the production of its Semi Truck as the company reportedly added over 1,000 Workers to its Nevada Giga factory.
Elon Musk‘s space-based internet service provider, Starlink, could reportedly face delays in its plans to expand into India due to regulatory requirements.
Stellantis (NYSE:STLA) parent company of Dodge and Jeep, will debut a solid-state battery in the Charger EV.
Stellantis will reportedly move some of its production activities into the U.S. as the company grapples with uncertainty caused by U.S. auto tariffs.
General Motors Co. (NYSE:GM) recalled over 877,000 vehicles with the 6.2-liter V8 engine due to possible defects. The company has also issued a stop-sale order for the affected models.
Artificial Intelligence (AI)
Mark Zuckerberg said that Meta’s artificial intelligence future will cater to both billions of free users and a group willing to pay big for powerful digital agents.
Meta CEO Mark Zuckerberg predicts that the future of AI won’t follow the "winner takes most" model seen in the search engine industry.
OpenAI CEO Sam Altman acknowledged that the last few updates to the GPT-4o model made its personality "too sycophant-y and annoying."
OpenAI unveiled an upgrade to ChatGPT’s search functionality, enabling users to browse and shop for products directly within the chatbot.
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